The Petroleum Daily Report from PFL Petroleum Services LLC provides daily settlement prices for key petroleum commodities, including crude oil (Brent and WTI), natural gas, RBOB gasoline, ULSD, propane, and butane. Each report includes expert market commentary highlighting the key factors and events influencing commodity prices.
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Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices declined on Monday in a volatile session as bearish economic news from the U.S. and Germany countered the bullish impact of a weaker U.S. dollar and increased heating demand due to a winter storm. Brent crude dropped 21 cents (0.3%) to $76.30 a barrel, while WTI fell 40 cents (0.5%) to $73.56. Despite […]
Oil prices rose on Friday, continuing their upward momentum and heading for notable weekly gains. Brent crude climbed $0.69 (+0.9%) to $76.62 per barrel by mid-day trading, while U.S. West Texas Intermediate (WTI) increased $1.11 (+1.5%) to $74.24. For the week, Brent was set to gain 3.3%, with WTI poised for a 5% increase. Prices […]
Oil prices rose sharply on Thursday, the first trading day of 2025, as optimism over China’s economic policies and fuel demand boosted sentiment. Brent crude settled at $75.93 per barrel, up $1.29 (+1.7%), while U.S. West Texas Intermediate (WTI) closed at $73.13 per barrel, gaining $1.41 (+2%). However, swelling U.S. gasoline and distillate inventories limited […]
Oil prices ended higher on the final trading day of 2024, with Brent crude settling at $74.64 per barrel, up $0.65 (+0.88%), and U.S. West Texas Intermediate (WTI) at $71.72 per barrel, rising $0.73 (+1.03%). Despite the daily gains, Brent recorded a 3% annual decline from its 2023 close of $77.04, while WTI remained largely […]
Oil prices rose on Monday in thin year-end trading, driven by forecasts of colder weather across the U.S. and Europe, expected to boost diesel demand. Brent crude futures settled at $74.39 a barrel, up 22 cents (0.3%), while the more active March contract closed at $73.99, up 20 cents. U.S. West Texas Intermediate (WTI) crude […]
Oil prices rose on Friday, with Brent crude settling at $74.17 per barrel, up $0.91 or 1.2%, and U.S. West Texas Intermediate (WTI) closing at $70.60 per barrel, gaining $0.98 or 1.4%. The gains were supported by a larger-than-expected drawdown in U.S. crude inventories, which fell by 4.2 million barrels for the week ending December […]
Oil prices dipped slightly on Thursday amid thin holiday trading, as a stronger U.S. dollar countered optimism over China’s fiscal stimulus plans. Brent crude fell 0.43% to $73.26 a barrel, while U.S. West Texas Intermediate dropped 0.68% to $69.62. China plans to issue 3 trillion yuan ($411 billion) in special treasury bonds next year to […]
Oil prices rose on Tuesday, rebounding from Monday’s losses amid a brighter short-term market outlook and thinning holiday trade. Brent crude climbed 88 cents (1.2%) to $73.51 a barrel, while WTI increased 91 cents (1.3%) to $70.15. Analysts attributed the gains to expectations of steady prices during the holiday season and potential supply disruptions leading […]
Oil prices dipped on Monday in light holiday trade amid concerns over a potential supply surplus in 2024 and a strengthening dollar. Brent crude fell 31 cents (0.43%) to $72.63 a barrel, while WTI dropped 22 cents (0.32%) to $69.24. Last week, Brent and WTI lost 2.1% and 2.6%, respectively, as the Federal Reserve signaled […]
Oil prices held steady on Friday, with Brent crude rising 6 cents (0.08%) to $72.94 per barrel, and WTI gaining 8 cents (0.12%) to $69.46. Both benchmarks finished the week down about 2.5%. Cooling U.S. inflation supported expectations for rate cuts, weakening the dollar and boosting oil demand prospects. However, concerns lingered about China’s weakening […]